Camden CEO talks Sun Belt optimism, EQR-AVB merger
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In conversation with Multifamily Dive, Alex Jessett explains why "every 25- to 34-year-old in America" wants to live in Nashville or Austin and why newly formed Vivmark has "no impact" on the REIT. Alex Jessett didn't end up at Camden Property Trust through happenstance or mere luck. The new CEO eyed opportunities at the Houston-based REIT while working in the real estate lending department at Comerica Bank of Texas in his first job out of school. "We lent to Camden, and I can remember calling on Camden, and I thought, 'I really like these people, and I think I'd much rather be on that side than this side,'" Jessett told Multifamily Dive. "I finagled my way into an interview, and then I got hired as an analyst." Jessett didn't regret his decision. "As soon as I started at Camden, I thought to myself, 'I'm home. This is exactly where I'm supposed to be,'" he said. "I can honestly say, in 27 years, I never thought about looking anywhere else." Jessett's work paid off. In March, Camden announced that Jessett would become the second CEO in the 44-year-old company's history, replacing Co-Founder and Executive Chairman of the Board of Trust Managers Ric Campo as CEO. He knows he has big shoes to fill. "Camden is one of the few REITs that still has the founders heavily involved," Jessett said. "And Ric, in particular, is a very big personality. He is very front and center, and so...
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